Selloff Gathers Pace As Stimulus Pullback Fears Deepen
September 12, 2016
European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks’ commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programs may be waning.
German Bund yields rose further above zero to 0.04 percent, their highest since Britain’s Brexit vote in late June, and the rise in lower-rated euro zone countries’ yields was even sharper.